Daily News Update

Businesses are likely to fall victim to more energy price rises this year, according to price comparison site Make It Cheaper. Despite recent cuts to gas and electricity prices, the majority of businesses coming out of contracts are facing increases of more than 50%, unless they can find a better deal before being locked-in for another year by their existing supplier.

Jonathan Elliott, managing director of Make It Cheaper said: “Businesses expecting to sit back and watch their energy bills come down because of the price cuts announced by the Big 6 should think again… The best prices are only available to those who are proactive about shopping around.”

The company warn that only around 10% of businesses actually switch and the majority end up being ‘rolled over’ into new contracts.